PREPACKAGED CHAPTER 11 FILED BY KASH N' KARRY

TAMPA, Fla. -- Kash n' Karry Food Stores here filed a prepackaged Chapter 11 petition last week in U.S. Bankruptcy Court for the District of Delaware following approval of the company's reorganization plan by its bondholders. The move marks a major step in the chain's efforts to rise from under a heavy debt load and improve its competitive position, observers said. A confirmation hearing for court

TAMPA, Fla. -- Kash n' Karry Food Stores here filed a prepackaged Chapter 11 petition last week in U.S. Bankruptcy Court for the District of Delaware following approval of the company's reorganization plan by its bondholders. The move marks a major step in the chain's efforts to rise from under a heavy debt load and improve its competitive position, observers said. A confirmation hearing for court approval of the plan is scheduled for Dec. 12, after which the chain, which operates 99 food